The present value of an ordinary annuity of $350 each year for five years, assuming an opportunity cost of 4 percent, is ___
1 answer:
We can calculate it by PVOA table.
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
(PVOA factor PVOA table)
So present value is $1558.2
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
So present value is $1558.2
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Answer:
k=45
Step-by-step explanation:
Since the sum of the measures are 180 and the measures are 45 degrees, k degrees, and 2k degrees, we can conclude that . 2k and k are like terms, so you can add 2k and k to get 3k.Then, you would have
. Since you are finding k, you want to isolate k as best you can. To do this, you subtract 45 on both sides
as shown by the equation, 180-45 is 135. Then, you divide 3 on both sides to get k=45.